Economy · July 2026

Germany, July 8 — Environment Minister has reprimanded Economy Minister over EU methane regulation, highlighting internal government disagreement on climate policy. Mercedes-Benz reported a sharp drop in China sales, with the carmaker also noting a broader decline in the Chinese market. Volkswagen considers deeper cuts as its board reviews an overhaul, while the German car industry warns of job collapse unless bold decisions are made to address the Chinese threat. Germany remains exposed to gas shortfalls if winter proves extremely cold, according to INES, as Algeria's Sonatrach delivers its first LNG shipment to the country. Frankfurt: Aus Mövenpick wird Scandic-Hotel — a hotel in Frankfurt is being rebranded from Mövenpick to Scandic. Lockheed Martin to create a Patriot complex maintenance facility in Europe, announced by Trump. German households gaining 'energy independence' with battery boom, as reported. Czechia to send funds for Ukraine weapons, SPD opposes the move.